El Salvador: Staff Report for the 2004 Article IV Consultation
Electronic Access:
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Summary:
This 2004 Article IV Consultation highlights that economic growth in El Salvador in recent years has been dampened by adverse external conditions, major earthquakes, and election-related uncertainties. Real GDP growth is estimated at about 1½ percent in 2004 while inflation picked up to more than 5 percent, owing to higher oil prices. The public sector deficit is expected to decline to 3 percent of GDP in 2004. Executive Directors have praised El Salvador’s long-standing record of structural reform and commitment to sound macroeconomic policies, and considered that official dollarization has served El Salvador well.
Series:
Country Report No. 2005/271
Subject:
Balance of payments Banking Central banks Current account balance Economic sectors External debt International reserves Public debt Public sector
English
Publication Date:
August 9, 2005
ISBN/ISSN:
9781451834758/1934-7685
Stock No:
1SLVEA2005003
Pages:
62
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